Machine Translation Market - Global Outlook and Forecast 2022-2028

March 2022 | 64 pages | ID: MDE8000749D3EN
Market Monitor Global

Abstracts

Machine translation, sometimes referred to by the abbreviation MT (not to be confused with computer-aided translation, machine-aided human translation (MAHT) or interactive translation) is a sub-field of computational linguistics that investigates the use of software to translate text or speech from one language to another.

This report contains market size and forecasts of Machine Translation in Global, including the following market information:

Global Machine Translation Market Revenue, 2017-2022, 2023-2028, ($ millions)

Global top five companies in 2021 (%)

The global Machine Translation market was valued at 739.7 million in 2021 and is projected to reach US$ 1598.5 million by 2028, at a CAGR of 11.6% during the forecast period.

The U.S. Market is Estimated at $ Million in 2021, While China is Forecast to Reach $ Million by 2028.

Automated Translation Segment to Reach $ Million by 2028, with a % CAGR in next six years.

The global key manufacturers of Machine Translation include AppTek, Asia Online, Cloudwords, IBM, Lighthouse IP, Lingo24, Lingotek, Lionbridge Technologies and Lucy Software and Services and etc. In 2021, the global top five players have a share approximately % in terms of revenue.

MARKET MONITOR GLOBAL, INC (MMG) has surveyed the Machine Translation companies, and industry experts on this industry, involving the revenue, demand, product type, recent developments and plans, industry trends, drivers, challenges, obstacles, and potential risks.

Total Market by Segment:

Global Machine Translation Market, by Type, 2017-2022, 2023-2028 ($ millions)

Global Machine Translation Market Segment Percentages, by Type, 2021 (%)

• Automated Translation
• Smart Automated Translation
• Raw Machine Translation
• Fully Automated Usable Translations
• Rule Based Machine Translation
• Statistical Machine Translation Technology

Global Machine Translation Market, by Application, 2017-2022, 2023-2028 ($ millions)

Global Machine Translation Market Segment Percentages, by Application, 2021 (%)

• Automotive
• Military & Defense
• Electronics
• IT
• Healthcare
• Others

Global Machine Translation Market, By Region and Country, 2017-2022, 2023-2028 ($ Millions)

Global Machine Translation Market Segment Percentages, By Region and Country, 2021 (%)

• North America
• US
• Canada
• Mexico
• Europe
• Germany
• France
• U.K.
• Italy
• Russia
• Nordic Countries
• Benelux
• Rest of Europe
• Asia
• China
• Japan
• South Korea
• Southeast Asia
• India
• Rest of Asia
• South America
• Brazil
• Argentina
• Rest of South America
• Middle East & Africa
• Turkey
• Israel
• Saudi Arabia
• UAE
• Rest of Middle East & Africa

Competitor Analysis

The report also provides analysis of leading market participants including:

Key companies Machine Translation revenues in global market, 2017-2022 (estimated), ($ millions)

Key companies Machine Translation revenues share in global market, 2021 (%)

Further, the report presents profiles of competitors in the market, key players include:

• AppTek
• Asia Online
• Cloudwords
• IBM
• Lighthouse IP
• Lingo24
• Lingotek
• Lionbridge Technologies
• Lucy Software and Services
• Moravia

Contents

1 INTRODUCTION TO RESEARCH & ANALYSIS REPORTS

1.1 Machine Translation Market Definition
1.2 Market Segments
  1.2.1 Market by Type
  1.2.2 Market by Application
1.3 Global Machine Translation Market Overview
1.4 Features & Benefits of This Report
1.5 Methodology & Sources of Information
  1.5.1 Research Methodology
  1.5.2 Research Process
  1.5.3 Base Year
  1.5.4 Report Assumptions & Caveats

2 GLOBAL MACHINE TRANSLATION OVERALL MARKET SIZE

2.1 Global Machine Translation Market Size: 2021 VS 2028
2.2 Global Machine Translation Market Size, Prospects & Forecasts: 2017-2028
2.3 Key Market Trends, Opportunity, Drivers and Restraints
  2.3.1 Market Opportunities & Trends
  2.3.2 Market Drivers
  2.3.3 Market Restraints

3 COMPANY LANDSCAPE

3.1 Top Machine Translation Players in Global Market
3.2 Top Global Machine Translation Companies Ranked by Revenue
3.3 Global Machine Translation Revenue by Companies
3.4 Top 3 and Top 5 Machine Translation Companies in Global Market, by Revenue in 2021
3.5 Global Companies Machine Translation Product Type
3.6 Tier 1, Tier 2 and Tier 3 Machine Translation Players in Global Market
  3.6.1 List of Global Tier 1 Machine Translation Companies
  3.6.2 List of Global Tier 2 and Tier 3 Machine Translation Companies

4 MARKET SIGHTS BY PRODUCT

4.1 Overview
  4.1.1 by Type - Global Machine Translation Market Size Markets, 2021 & 2028
  4.1.2 Automated Translation
  4.1.3 Smart Automated Translation
  4.1.4 Raw Machine Translation
  4.1.5 Fully Automated Usable Translations
  4.1.6 Rule Based Machine Translation
  4.1.7 Statistical Machine Translation Technology
4.2 By Type - Global Machine Translation Revenue & Forecasts
  4.2.1 By Type - Global Machine Translation Revenue, 2017-2022
  4.2.2 By Type - Global Machine Translation Revenue, 2023-2028
  4.2.3 By Type - Global Machine Translation Revenue Market Share, 2017-2028

5 SIGHTS BY APPLICATION

5.1 Overview
  5.1.1 By Application - Global Machine Translation Market Size, 2021 & 2028
  5.1.2 Automotive
  5.1.3 Military & Defense
  5.1.4 Electronics
  5.1.5 IT
  5.1.6 Healthcare
  5.1.7 Others
5.2 By Application - Global Machine Translation Revenue & Forecasts
  5.2.1 By Application - Global Machine Translation Revenue, 2017-2022
  5.2.2 By Application - Global Machine Translation Revenue, 2023-2028
  5.2.3 By Application - Global Machine Translation Revenue Market Share, 2017-2028

6 SIGHTS BY REGION

6.1 By Region - Global Machine Translation Market Size, 2021 & 2028
6.2 By Region - Global Machine Translation Revenue & Forecasts
  6.2.1 By Region - Global Machine Translation Revenue, 2017-2022
  6.2.2 By Region - Global Machine Translation Revenue, 2023-2028
  6.2.3 By Region - Global Machine Translation Revenue Market Share, 2017-2028
6.3 North America
  6.3.1 By Country - North America Machine Translation Revenue, 2017-2028
  6.3.2 US Machine Translation Market Size, 2017-2028
  6.3.3 Canada Machine Translation Market Size, 2017-2028
  6.3.4 Mexico Machine Translation Market Size, 2017-2028
6.4 Europe
  6.4.1 By Country - Europe Machine Translation Revenue, 2017-2028
  6.4.2 Germany Machine Translation Market Size, 2017-2028
  6.4.3 France Machine Translation Market Size, 2017-2028
  6.4.4 U.K. Machine Translation Market Size, 2017-2028
  6.4.5 Italy Machine Translation Market Size, 2017-2028
  6.4.6 Russia Machine Translation Market Size, 2017-2028
  6.4.7 Nordic Countries Machine Translation Market Size, 2017-2028
  6.4.8 Benelux Machine Translation Market Size, 2017-2028
6.5 Asia
  6.5.1 By Region - Asia Machine Translation Revenue, 2017-2028
  6.5.2 China Machine Translation Market Size, 2017-2028
  6.5.3 Japan Machine Translation Market Size, 2017-2028
  6.5.4 South Korea Machine Translation Market Size, 2017-2028
  6.5.5 Southeast Asia Machine Translation Market Size, 2017-2028
  6.5.6 India Machine Translation Market Size, 2017-2028
6.6 South America
  6.6.1 By Country - South America Machine Translation Revenue, 2017-2028
  6.6.2 Brazil Machine Translation Market Size, 2017-2028
  6.6.3 Argentina Machine Translation Market Size, 2017-2028
6.7 Middle East & Africa
  6.7.1 By Country - Middle East & Africa Machine Translation Revenue, 2017-2028
  6.7.2 Turkey Machine Translation Market Size, 2017-2028
  6.7.3 Israel Machine Translation Market Size, 2017-2028
  6.7.4 Saudi Arabia Machine Translation Market Size, 2017-2028
  6.7.5 UAE Machine Translation Market Size, 2017-2028

7 PLAYERS PROFILES

7.1 AppTek
  7.1.1 AppTek Corporate Summary
  7.1.2 AppTek Business Overview
  7.1.3 AppTek Machine Translation Major Product Offerings
  7.1.4 AppTek Machine Translation Revenue in Global Market (2017-2022)
  7.1.5 AppTek Key News
7.2 Asia Online
  7.2.1 Asia Online Corporate Summary
  7.2.2 Asia Online Business Overview
  7.2.3 Asia Online Machine Translation Major Product Offerings
  7.2.4 Asia Online Machine Translation Revenue in Global Market (2017-2022)
  7.2.5 Asia Online Key News
7.3 Cloudwords
  7.3.1 Cloudwords Corporate Summary
  7.3.2 Cloudwords Business Overview
  7.3.3 Cloudwords Machine Translation Major Product Offerings
  7.3.4 Cloudwords Machine Translation Revenue in Global Market (2017-2022)
  7.3.5 Cloudwords Key News
7.4 IBM
  7.4.1 IBM Corporate Summary
  7.4.2 IBM Business Overview
  7.4.3 IBM Machine Translation Major Product Offerings
  7.4.4 IBM Machine Translation Revenue in Global Market (2017-2022)
  7.4.5 IBM Key News
7.5 Lighthouse IP
  7.5.1 Lighthouse IP Corporate Summary
  7.5.2 Lighthouse IP Business Overview
  7.5.3 Lighthouse IP Machine Translation Major Product Offerings
  7.5.4 Lighthouse IP Machine Translation Revenue in Global Market (2017-2022)
  7.5.5 Lighthouse IP Key News
7.6 Lingo24
  7.6.1 Lingo24 Corporate Summary
  7.6.2 Lingo24 Business Overview
  7.6.3 Lingo24 Machine Translation Major Product Offerings
  7.6.4 Lingo24 Machine Translation Revenue in Global Market (2017-2022)
  7.6.5 Lingo24 Key News
7.7 Lingotek
  7.7.1 Lingotek Corporate Summary
  7.7.2 Lingotek Business Overview
  7.7.3 Lingotek Machine Translation Major Product Offerings
  7.7.4 Lingotek Machine Translation Revenue in Global Market (2017-2022)
  7.7.5 Lingotek Key News
7.8 Lionbridge Technologies
  7.8.1 Lionbridge Technologies Corporate Summary
  7.8.2 Lionbridge Technologies Business Overview
  7.8.3 Lionbridge Technologies Machine Translation Major Product Offerings
  7.8.4 Lionbridge Technologies Machine Translation Revenue in Global Market (2017-2022)
  7.8.5 Lionbridge Technologies Key News
7.9 Lucy Software and Services
  7.9.1 Lucy Software and Services Corporate Summary
  7.9.2 Lucy Software and Services Business Overview
  7.9.3 Lucy Software and Services Machine Translation Major Product Offerings
  7.9.4 Lucy Software and Services Machine Translation Revenue in Global Market (2017-2022)
  7.9.5 Lucy Software and Services Key News
7.10 Moravia
  7.10.1 Moravia Corporate Summary
  7.10.2 Moravia Business Overview
  7.10.3 Moravia Machine Translation Major Product Offerings
  7.10.4 Moravia Machine Translation Revenue in Global Market (2017-2022)
  7.10.5 Moravia Key News

8 CONCLUSION

9 APPENDIX

9.1 Note
9.2 Examples of Clients
9.3 Disclaimer

List Of Tables

LIST OF TABLES

Table 1. Machine Translation Market Opportunities & Trends in Global Market
Table 2. Machine Translation Market Drivers in Global Market
Table 3. Machine Translation Market Restraints in Global Market
Table 4. Key Players of Machine Translation in Global Market
Table 5. Top Machine Translation Players in Global Market, Ranking by Revenue (2021)
Table 6. Global Machine Translation Revenue by Companies, (US$, Mn), 2017-2022
Table 7. Global Machine Translation Revenue Share by Companies, 2017-2022
Table 8. Global Companies Machine Translation Product Type
Table 9. List of Global Tier 1 Machine Translation Companies, Revenue (US$, Mn) in 2021 and Market Share
Table 10. List of Global Tier 2 and Tier 3 Machine Translation Companies, Revenue (US$, Mn) in 2021 and Market Share
Table 11. By Type – Global Machine Translation Revenue, (US$, Mn), 2021 & 2028
Table 12. By Type - Machine Translation Revenue in Global (US$, Mn), 2017-2022
Table 13. By Type - Machine Translation Revenue in Global (US$, Mn), 2023-2028
Table 14. By Application – Global Machine Translation Revenue, (US$, Mn), 2021 & 2028
Table 15. By Application - Machine Translation Revenue in Global (US$, Mn), 2017-2022
Table 16. By Application - Machine Translation Revenue in Global (US$, Mn), 2023-2028
Table 17. By Region – Global Machine Translation Revenue, (US$, Mn), 2021 & 2028
Table 18. By Region - Global Machine Translation Revenue (US$, Mn), 2017-2022
Table 19. By Region - Global Machine Translation Revenue (US$, Mn), 2023-2028
Table 20. By Country - North America Machine Translation Revenue, (US$, Mn), 2017-2022
Table 21. By Country - North America Machine Translation Revenue, (US$, Mn), 2023-2028
Table 22. By Country - Europe Machine Translation Revenue, (US$, Mn), 2017-2022
Table 23. By Country - Europe Machine Translation Revenue, (US$, Mn), 2023-2028
Table 24. By Region - Asia Machine Translation Revenue, (US$, Mn), 2017-2022
Table 25. By Region - Asia Machine Translation Revenue, (US$, Mn), 2023-2028
Table 26. By Country - South America Machine Translation Revenue, (US$, Mn), 2017-2022
Table 27. By Country - South America Machine Translation Revenue, (US$, Mn), 2023-2028
Table 28. By Country - Middle East & Africa Machine Translation Revenue, (US$, Mn), 2017-2022
Table 29. By Country - Middle East & Africa Machine Translation Revenue, (US$, Mn), 2023-2028
Table 30. AppTek Corporate Summary
Table 31. AppTek Machine Translation Product Offerings
Table 32. AppTek Machine Translation Revenue (US$, Mn), (2017-2022)
Table 33. Asia Online Corporate Summary
Table 34. Asia Online Machine Translation Product Offerings
Table 35. Asia Online Machine Translation Revenue (US$, Mn), (2017-2022)
Table 36. Cloudwords Corporate Summary
Table 37. Cloudwords Machine Translation Product Offerings
Table 38. Cloudwords Machine Translation Revenue (US$, Mn), (2017-2022)
Table 39. IBM Corporate Summary
Table 40. IBM Machine Translation Product Offerings
Table 41. IBM Machine Translation Revenue (US$, Mn), (2017-2022)
Table 42. Lighthouse IP Corporate Summary
Table 43. Lighthouse IP Machine Translation Product Offerings
Table 44. Lighthouse IP Machine Translation Revenue (US$, Mn), (2017-2022)
Table 45. Lingo24 Corporate Summary
Table 46. Lingo24 Machine Translation Product Offerings
Table 47. Lingo24 Machine Translation Revenue (US$, Mn), (2017-2022)
Table 48. Lingotek Corporate Summary
Table 49. Lingotek Machine Translation Product Offerings
Table 50. Lingotek Machine Translation Revenue (US$, Mn), (2017-2022)
Table 51. Lionbridge Technologies Corporate Summary
Table 52. Lionbridge Technologies Machine Translation Product Offerings
Table 53. Lionbridge Technologies Machine Translation Revenue (US$, Mn), (2017-2022)
Table 54. Lucy Software and Services Corporate Summary
Table 55. Lucy Software and Services Machine Translation Product Offerings
Table 56. Lucy Software and Services Machine Translation Revenue (US$, Mn), (2017-2022)
Table 57. Moravia Corporate Summary
Table 58. Moravia Machine Translation Product Offerings
Table 59. Moravia Machine Translation Revenue (US$, Mn), (2017-2022)

List Of Figures

LIST OF FIGURES

Figure 1. Machine Translation Segment by Type in 2021
Figure 2. Machine Translation Segment by Application in 2021
Figure 3. Global Machine Translation Market Overview: 2021
Figure 4. Key Caveats
Figure 5. Global Machine Translation Market Size: 2021 VS 2028 (US$, Mn)
Figure 6. Global Machine Translation Revenue, 2017-2028 (US$, Mn)
Figure 7. The Top 3 and 5 Players Market Share by Machine Translation Revenue in 2021
Figure 8. By Type - Global Machine Translation Revenue Market Share, 2017-2028
Figure 9. By Application - Global Machine Translation Revenue Market Share, 2017-2028
Figure 10. By Region - Global Machine Translation Revenue Market Share, 2017-2028
Figure 11. By Country - North America Machine Translation Revenue Market Share, 2017-2028
Figure 12. US Machine Translation Revenue, (US$, Mn), 2017-2028
Figure 13. Canada Machine Translation Revenue, (US$, Mn), 2017-2028
Figure 14. Mexico Machine Translation Revenue, (US$, Mn), 2017-2028
Figure 15. By Country - Europe Machine Translation Revenue Market Share, 2017-2028
Figure 16. Germany Machine Translation Revenue, (US$, Mn), 2017-2028
Figure 17. France Machine Translation Revenue, (US$, Mn), 2017-2028
Figure 18. U.K. Machine Translation Revenue, (US$, Mn), 2017-2028
Figure 19. Italy Machine Translation Revenue, (US$, Mn), 2017-2028
Figure 20. Russia Machine Translation Revenue, (US$, Mn), 2017-2028
Figure 21. Nordic Countries Machine Translation Revenue, (US$, Mn), 2017-2028
Figure 22. Benelux Machine Translation Revenue, (US$, Mn), 2017-2028
Figure 23. By Region - Asia Machine Translation Revenue Market Share, 2017-2028
Figure 24. China Machine Translation Revenue, (US$, Mn), 2017-2028
Figure 25. Japan Machine Translation Revenue, (US$, Mn), 2017-2028
Figure 26. South Korea Machine Translation Revenue, (US$, Mn), 2017-2028
Figure 27. Southeast Asia Machine Translation Revenue, (US$, Mn), 2017-2028
Figure 28. India Machine Translation Revenue, (US$, Mn), 2017-2028
Figure 29. By Country - South America Machine Translation Revenue Market Share, 2017-2028
Figure 30. Brazil Machine Translation Revenue, (US$, Mn), 2017-2028
Figure 31. Argentina Machine Translation Revenue, (US$, Mn), 2017-2028
Figure 32. By Country - Middle East & Africa Machine Translation Revenue Market Share, 2017-2028
Figure 33. Turkey Machine Translation Revenue, (US$, Mn), 2017-2028
Figure 34. Israel Machine Translation Revenue, (US$, Mn), 2017-2028
Figure 35. Saudi Arabia Machine Translation Revenue, (US$, Mn), 2017-2028
Figure 36. UAE Machine Translation Revenue, (US$, Mn), 2017-2028
Figure 37. AppTek Machine Translation Revenue Year Over Year Growth (US$, Mn) & (2017-2022)
Figure 38. Asia Online Machine Translation Revenue Year Over Year Growth (US$, Mn) & (2017-2022)
Figure 39. Cloudwords Machine Translation Revenue Year Over Year Growth (US$, Mn) & (2017-2022)
Figure 40. IBM Machine Translation Revenue Year Over Year Growth (US$, Mn) & (2017-2022)
Figure 41. Lighthouse IP Machine Translation Revenue Year Over Year Growth (US$, Mn) & (2017-2022)
Figure 42. Lingo24 Machine Translation Revenue Year Over Year Growth (US$, Mn) & (2017-2022)
Figure 43. Lingotek Machine Translation Revenue Year Over Year Growth (US$, Mn) & (2017-2022)
Figure 44. Lionbridge Technologies Machine Translation Revenue Year Over Year Growth (US$, Mn) & (2017-2022)
Figure 45. Lucy Software and Services Machine Translation Revenue Year Over Year Growth (US$, Mn) & (2017-2022)
Figure 46. Moravia Machine Translation Revenue Year Over Year Growth (US$, Mn) & (2017-2022)